Torrent Power Ltd

NSE :TORNTPOWER   BSE :532779  Sector : Power Generation & Distribution

About Company: Torrent Power is an Indian energy and power company, having interests in power generation, transmission, distribution and manufacturing and supply of power cables

Daily Chart of Torrent Power Ltd:

Technical Outlook of Torrent Power Ltd:

Stock on 7th Dec 2021, Tuesday trading session gained 5.62% and closed at 585.90 on NSE. Stock touched all time high level today. Torrent Power was trading in Prefect up trending channel Pattern and took fresh breakout today breaking channel resistance and finally managed to closed above the channel resistance. Now the previous channel resistance would act as strong support for the counter.

Volumes was not too convincing, which is not a strong sign. So we suggest to trade in small quantity in the stock for short term with stoploss below 573 expected Targets on the upside are 598 & 612